Murray & Roberts Holdings Ltd

Murray & Roberts — FY2008 Earnings Presentation

45 slides from Murray & Roberts's earnings presentation, 2008

  1. Slide 1: Report to Stakeholders: Financial Year to 30 June 2008

    REPORT TO STAKEHOLDERS FINANCIAL YEAR TO 30 JUNE 2008

  2. Slide 2: Non-negotiable Commitment to Sustainable Earnings Growth and Value Creation

    Non-negotiable Commitment to Sustainable Earnings Growth and Value Creation Capacity to Deliver

  3. Slide 3: Performance Headlines

    Performance Headlines * ORDER BOOK TO R55 billion » REVENUES TO R27,9 billion __—— — —— OPERATING PROFIT TO R24 billion Capacity to Deliver

  4. Slide 4: Performance Headlines

    Performance Headlines * HEADLINE EARNINGS TO 550 cents per share * R3,1 billion OPERATING CASH INFLOW « 40,3% RETURN ON A ERAGE EQUITY FULL YEAR DIVIDEND TO 196 cents Per share Capacity to Deliver

  5. Slide 5: Revenue and Order Book

    Rbillion Rbillion 60 60 50 50 Revenue Order Book at 30 June 40 40 30 30 20 20 10 10 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 Capacity to Deliver

  6. Slide 6: Revenue Margin

    Revenue Margin 40000 10.0% 36000 32000 8.0% 28000 24000 6.0% 20000 16000 4.0% 12000 8000 2.0% 4000 0 0.0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Capacity to Deliver

  7. Slide 7: Wealth Created > R2,2 bn

    Letsema Bokamoso General Staff Trust 1,3% • > R 410 million value created for 14000 employees Letsema Khanyisa Black Employee Benefit Trust 2,2% • > R 695 million value created for current & future employees Letsema Vulindlela Black Executive Trust 3,0% • > R 83 million value created for 185 executi

  8. Slide 8: LTIFR 2,48, FIFR 0,08, million hours worked

     LTIFR : 2,48 (2007 : 3,07)  FIFR : 0,08 (2007 : 0,07)  216 million hours worked (2007 : 171 million) 6 0.4 FY2006 FY2007 FY2008 0.35 5 0.3 4 LTIFR 0.25 3 0.2 0.15 2 0.1 1 0.05 FIFR 0 0 Jul 05 - Oct 05 - Jan 06 - Apr 06 - Jul 06 - Oct 06 - Jan 07 - Apr 07 - Jul 07 - Oct 07 - Jan 08 - Apr 08- Sep

  9. Slide 9: Order Book AUD 1,2 billion

     Order Book AUD 1,2 billion (2007: AUD 810 million)  Capex AUD 46 million (2007: AUD 20 million)  Strong LNG market emerging in Australia  G1 Contract settlement negotiation (AUD millions) 2008 2007 Revenue 748 580 EBIT 48,9 ( 87,8) Attributable Earnings 66,6 (105,3) Capacity to Deliver

  10. Slide 10: Capacity to Deliver

    Capacity to Deliver

  11. Slide 11: Total Assets, Total Equity & Liabilities

    (R millions) 2008 2007 TOTAL ASSETS 21 650 13 011 Cash 4 689 2 809 Fixed & Current 16 961 10 202 TOTAL EQUITY & LIABILITIES 21 650 13 011 Permanent capital 5 825 3 815 Non-current liabilities 1 290 1 103 Current liabilities 14 535 8 093 Capacity to Deliver

  12. Slide 12: Income Statement

    (R millions) 2008 2007 REVENUE 27 896 17 815 EBITDA 3 051 1 778 Depreciation & Amortisation (654) (310) EBIT 2 397 1 468 Exceptional Items 145 (168) Net Interest income / (expense) 16 ( 16) Taxation (529) (352) Associates 11 (107) EARNINGS FROM CONTINUING OPERATIONS 2 040 825 Discontinued Operations

  13. Slide 13: Revenue by Segment

    Construction & Engineering R 20,4 billion Materials &Services R 5,8 billion Corporate & Properties R 0,1 billion Fabrication & Manufacture R 1,6 billion Capacity to Deliver

  14. Slide 14: Operating Profit by Segment

    Construction & Engineering R 1,5 billion Properties R 57 million Materials & Services Fabrication & Manufacture R 900 million R 177 million * excluding Corporate (R 189 million) Capacity to Deliver

  15. Slide 15: Salient Points

    R 5,8bn R 5,0bn R 337,9m R 2,1bn R 264,3m (R 71,1m) Revenue Operating Profit SALIENT POINTS  Order Book R 12,4 billion (2007: R 8,5 billion)  Capex R 456 million (2007: R 312 million)  Concor and Botswana outperform Capacity to Deliver

  16. Slide 16: Salient Points

    R 2,4bn R 2,8bn R 1,6bn R 234,4m R 123,3m R 76,7m Revenue Operating Profit SALIENT POINTS  Order Book R 11,5 billion (2007: R 2,2 billion)  Concourse 2 for Dubai International Airport handed over on schedule  Major projects secured in Abu Dhabi, Dubai and Sama Contracting Capacity to Deliver

  17. Slide 17: Salient Points

    R 1,6bn R 794m R 611m R 70m R 48m R 46m Revenue Operating Profit SALIENT POINTS  Order Book R 11,1 billion (2007: R 1,6 billion)  Wade Walker outperforms  Medupi & Kusile power projects to contribute from 2009 Capacity to Deliver

  18. Slide 18: Salient Points

    R2,9bn R 2,3bn R 1.8bn R 140m R 100m R 115m Revenue Operating Profit SALIENT POINTS  Order Book R 3,2 billion (2007: R 3,3 billion)  Capex R 149 million (2007: R 158 million)  Kroondal Project impacted by labour unrest - re-negotiated Capacity to Deliver

  19. Slide 19: Salient Points

    R 2,3bn R 1,3bn R 804m R 266m R 118m R 64m Revenue Operating Profit SALIENT POINTS  Order Book R 2,7 billion (2007: R 1,6 billion)  Capex R 213 million (2007: R 94 million)  Cementation Canada outperforms Capacity to Deliver

  20. Slide 20: Salient Points

    R 2,2bn R 3,1bn R 1,7bn R 286m R 168m R 127m Revenue Operating Profit SALIENT POINTS  Input costs and supply highly volatile  Capex R 151 million (2007: R 131 million)  Impact of power deficit and Competition investigations Capacity to Deliver

  21. Slide 21: Salient Points

    R 634m R 632m R 144m R 133m R 45m R 100m Revenue Operating Profit SALIENT POINTS  High interest regime dampens commercial and residential building  Capex R 23 million (2007: R 62 million)  Cost focus and pricing strategies hold performance Capacity to Deliver

  22. Slide 22: Salient Points

    R 1,49bn R 1,24bn R 979m R 302m R 328m R 217m Revenue Operating Profit SALIENT POINTS  Solid but sometimes patchy market  Capex R 30 million (2007: R 44 million)  Revitalised road construction program Capacity to Deliver

  23. Slide 23: Salient Points

    R 587m R 411m R 235m* R 186m R 134m R 71m Revenue * excluding Criterion Operating Profit SALIENT POINTS  Capex R 21 million (2007: R 99 million)  Johnson Arabia outperforms  Tolcon secures prime operation and maintenance contracts Capacity to Deliver

  24. Slide 24: Salient Points

    R 1,58bn R 1,32bn R 927m R 177m R 62m R 82m Revenue Operating Profit SALIENT POINTS  Order Book R 4,8 billion (2007: R 227 million)  Capex R 234 million (2007: R 25 million)  National Multi Product Pipeline for Transnet R 2,0 billion Capacity to Deliver

  25. Slide 25: Cash Flow

    R 445m (R 263m) (R 406m) R 3,15bn (R 525m) (R 747m) R 4,28bn R 2,63bn Opening Operating Working Financing Interest, Dividends Investing Closing Cash Cash Capital Activities Tax & Forex Paid Activities Cash Capacity to Deliver

  26. Slide 26: Capacity to Deliver

    USENET ARH, Capacity to Deliver

  27. Slide 27: Market Drivers: Middle East, Oil & Gas, Power

    Middle East Investment driven by free cash flow from oil & gas revenues Clough is focused on Offshore & Coastal Upstream Oil & Gas Infrastructure Thermal Energy is the backbone of South Africa power generation Nuclear Energy is a primary future source of power globally & in South Africa The SA Power

  28. Slide 28: Order Book by Year of Delivery

    2010 : 32% 2011 : 17% 2009 : 41% 2012 to 2015 : 10% Capacity to Deliver

  29. Slide 29: Order Book by Region

    SADC : 51% Australasia : 20% Middle East : 25% North America : 4% Capacity to Deliver

  30. Slide 30: Order Book by Segment

    Mining Engineering Construction SADC :7% Contracting : 12% Mining International : 5% SADC : 25% Clough : 19% Fabrication : 8% Construction Middle East : 24% Capacity to Deliver

  31. Slide 31: South African Projects

    . South African Projects Capacity to Deliver

  32. Slide 32: Department of Foreign Affairs

    eee Department of Foreign Affairs Capacity to Deliver

  33. Slide 33: Gautrain Rapid Rail Link

    eee Gautrain Rapid Rail Link Capacity to Deliver

  34. Slide 34: Greenpoint Stadium

    Roberts Greenpoint Stadium Capacity to Deliver

  35. Slide 35: Multi Product Pipeline

    Ge. Multi Product Pipeline | I th Capacity to Deliver

  36. Slide 36: Coallink & Orex Projects

    ets Coallink & Orex Projects Capacity to Deliver

  37. Slide 37: Middle East Projects

    &. Middle East Projects Capacity to Deliver

  38. Slide 38: Dubai International Airport

    & Roberts Dubai International Airport Capacity to Deliver

  39. Slide 39: Tameer Towers

    Tameer Towers Capacity to Deliver

  40. Slide 40: Trump International Hotel Towers

    eee Trump International Hotel Towers _ Trump Tower illage Centre "i VA Capacity to Deliver

  41. Slide 41: Segmental Structure

    eee Segmental Structure ¢ Construction Construction & + Engineering Engineering * Mining Construction * Clough Construction Material & Services Fabrication & Manufacture Capacity to Deliver

  42. Slide 42: SADC vs International

    SADC vs International SADC International Construction Engineering Construction & Engineering Mining Clough Steel Construction Infrastructure Material & Services Housing Services Fabrication Fabrication TOTAL % Capacity to Deliver

  43. Slide 43: Trading Statement

    “The build-out of the developing world, as it closes the infrastructure gap with the developed world, will probably be the most important theme in global investments for the coming decade.” * * Equities Analyst Report TRADING STATEMENT*  Market growth expected in range 15% to 25% nominal  Capital

  44. Slide 44: Disclaimer

    DISCLAIMER We may make statements that are not historical facts and relate to analyses and other information based on forecasts of future results and estimates of amounts not yet determinable. These are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 199

  45. Slide 45: This presentation is available on murrob.com

    This presentation is available on http://www.murrob.com

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